Cansortium Balance Sheet Health
Financial Health criteria checks 2/6
Cansortium has a total shareholder equity of $5.8M and total debt of $67.6M, which brings its debt-to-equity ratio to 1174.6%. Its total assets and total liabilities are $184.6M and $178.9M respectively. Cansortium's EBIT is $19.7M making its interest coverage ratio 1. It has cash and short-term investments of $8.5M.
Key information
1,174.6%
Debt to equity ratio
US$67.55m
Debt
| Interest coverage ratio | 1x |
| Cash | US$8.48m |
| Equity | US$5.75m |
| Total liabilities | US$178.89m |
| Total assets | US$184.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2WM's short term assets ($29.0M) do not cover its short term liabilities ($111.6M).
Long Term Liabilities: 2WM's short term assets ($29.0M) do not cover its long term liabilities ($67.2M).
Debt to Equity History and Analysis
Debt Level: 2WM's net debt to equity ratio (1027.1%) is considered high.
Reducing Debt: 2WM's debt to equity ratio has increased from 30.8% to 1174.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2WM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2WM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.6% per year.